Fighting for Krakatau

THE memorandum of understanding was signed a decade ago. Signed by Lakshmi Mittal and Tanri Abeng, it was part of the plan to sell Krakatau Steel shares. Lakshmi, at the time under the banner of Ispat International, was ready to pay at least US$500 million. “The value was estimated to be the equivalent of half of Krakatau’s book value in dollars at the time,” said Tanri, the then State Minister for State-Owned Enterprises.

That was the fir

Subscribe to continue reading.
We craft news with stories.

For the benefits of subscribing to Digital Tempo, See More

The Best Choice

Rp 54.945/Month

Active for 12 Months, Rp 659.340

• *You Save -Rp 102.000
• *Guaranteed update of up to 52 Editions of Tempo Magazine

Subscribe

Rp 64.380/Month

Active Every Month Cancel Anytime

• *Free for the first month if using a Credit Card

Subscribe

See Other Packages

Already a Subscribed? Log in here
To receive daily news by Email, Sign up for Tempo ID.